Common use of Services Insurance Clause in Contracts

Services Insurance. (a) Servicer to effect insurance The Servicer shall maintain or procure that there is maintained insurance to cover against loss or damage to Purchased Receivable Records held by the Servicer pursuant to this Agreement.

Services Insurance. (a) Servicer to effect insurance The Servicer shall maintain or procure that there is maintained insurance to cover against loss or damage to Purchased Receivable Records held by the Servicer pursuant to this Agreement. Servicer to effect claims If the Issuer or the Security Trustee is entitled to make a claim under any of the insurances effected in accordance with the provisions of this Part, the Servicer shall take such action as may reasonably be requested of it by the Issuer or the Security Trustee to enable any such claim to be made.